Tuesday, May 24, 2011

Inconvenient Truth: SUV's Saved Chrysler

First the polar bears are doing great, and now news that
SUV's are selling like hotcakes--Al Gore is NOT having a good day.


Chrysler and the White House will celebrate the Detroit icon's $5.9 billion repayment of government loans Tuesday in a ceremony that will be hailed by both sides for the same reason: The government bailout had become a liability for both entities.


...it is the resurgence of America's appetite for trucks that has brought Chrysler back from the dead. Chrysler Group reported sales were up 17 percent to 1.1 million vehicles in 2010 on the strength of its wildly popular, redesigned Jeep Grand Cherokee and Dodge Durango SUVs. For CEO Marchionne, the SUVs success in the U.S. market has been a revelation and he is planning to expand the SUV lineup into Europe with Alfa Romeo and Maserati-badged trucks.





http://detnews.com/article/20110524/MIVIEW/105240374/Payne--SUVs-saved-Chrysler

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